The small city of Osseo is experiencing a big resurgence in its business community as it reaps the rewards of some recent developments.
Long embraced for its small town feel, Osseo has forward momentum with new businesses moving in and others taking notice of the changing demographics in the community.
"If you drive down Main Street, you can see it's a younger group that's walking around Main Street, hitting the local shops, restaurants environments, and that's great to see," said Maple Grove realtor Jarrod Peterson.
The $25 million 5 Central apartment complex is literally changing the face of Osseo, with its 140 units just steps away from the city's main business district. The development opened in two phases in 2014 and in 2015.
"Having people who are a block away from your business, right in downtown, is something that is very attractive to business owners," said Riley Grams, Osseo city administrator.
St. Paul original Red's Savoy Pizza is the lastest to move into Osseo. The restaurant will open in early February in one of the few spots open along Central Avenue.
As new businesses find success along Central Avenue, Grams is fielding requests from developers eyeing spots with potential.
"Tenant vacancies are going down, new businesses are coming to town, and we've had a lot of interest in redevelopment of some of our existing properties," said Grams.
Osseo's momentum is helping to spur swift home sales says area realtor Jarrod Peterson.
"The houses are moving very fast that list in Osseo, and there were several periods in 2016 where there was no homes for sale in Osseo," said Peterson.
Peterson knew positive changes were afoot when he recently overheard a conversation comparing Osseo to another successful area downtown.
"She said, 'mom, this downtown Osseo reminds me so much of downtown Wayzata,'" recalled Peterson. "I just love that quote, so if they can keep that going, they have a good thing going for the city of Osseo."
Alexandra Renslo email@example.com
January 30, 2017